CAclubindia Articles

A Review on Independent Directors

Posted by CS M.Kurtrala Nathan 07 January 2013 18928 Views

A Review on Independent Directors Independent Director- Definition- Clause -149 (6) An independent director in relation to a company, means a director other than a managing director or a whole-time director or a nominee director, (a) who

Proliferation of Black (Dirty) Money

Posted by R. Sudarshan Bala 07 January 2013 13102 Views

PROLIFERATION OF BLACK MONEY THE EVIL MOTIVE: From the olden days where the barter system prevailed till the phenomenal phase of technology today, from small traders and merchants to the CEOs of vast business empires, there has always bee

Point of Taxation Rules,2011 with recent amendements

Posted by Kaushik Vinod 07 January 2013 134099 Views

BACKGROUND OF RULES I will start my article with the wordings of Finance Minister while presenting the Budget proposal for the financial year 2011-12, the Finance minister said that in order to achieve a closer fit between the present servi

Cost Audit Compliance

Posted by Rajat Poddar 05 January 2013 67985 Views

Companies (Cost Accounting Records and Compliance) Rules, 2011 In respect of Companies engaged in production, procession, manufacturing or mining activity, and falls any one of the following category: Net Worth of Rs. 5 Crores or more; Turno

Enormous Opportunities of Employment?

Posted by Durga Rao 05 January 2013 16319 Views

Students pursuing courses like MBA, CS, CA etc. do know that they have enormous employment opportunities in India. Chartered Accountants (CA), Companies Secretaries(CS), Industrial Bodies/Associations, ICSI & ICAI do concentrate much on enligh

Life after CA

Posted by CA Priyank Singhi 05 January 2013 96418 Views

The day I became a Chartered Accountant, was undoubtedly the best day of my life. More than me though, I guess my parents and family members were thrilled. The most important dream at that stage of my career had been fulfilled. DREAMS DO COME TRUE

Hedging Foreign Currency Firm Commitments

Posted by Sanjay Chauhan (IFRS) 03 January 2013 20832 Views

Introduction Institute of Chartered Accountants of India (ICAI) had come out with an announcement in February 2011, on Application of AS 30, Financial instruments: Recognition and Measurement. It was clarified that the prepares of Financial S

Recovery of Confirmed Demands in pendency of Stay appeal

Posted by Bimal Jain 03 January 2013 9383 Views

Recovery of Confirmed Demands‏ during pendency of Stay applications CBEC has issued its first Central Excise Circular No. 967/01/2013 - CX, dated January 01, 2013 on eve of New Year 2013, for recovery of confirmed demands during pendency of Sta

Capital gain - Exemption u/s 54 & CG Scheme account

Posted by CA Neil Ganatra 02 January 2013 44431 Views

Capital Gain Exemption & Capital Gain Account Scheme Sec. 54 (2) of the Income Tax Act provides as under: The amount of the capital gain which is not appropriated by the assessee towards the purchase of the new asset made within one year

Commerce = CA & Don't Lose Heart

Posted by CA Priyank Singhi 02 January 2013 25627 Views

A commerce student has very few options when he/she is about to leave school and enter the so called The Real World. Unlike a science student who can take up n number of engineering courses and get a job even before he